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On behalf of FreedomWorks’ activist community, I urge you to contact your representative and urge him or her to vote NO on Speaker Nancy Pelosi’s Socialist Drug Price Fixing Plan, H.R. 3. The bill would create unprecedented levels of government involvement in setting prices for prescription medication in the U.S. It would also amount to a massive tax increase on manufacturers of life-saving medication, potentially creating shortages of such medication.
In his classic economic text, The Wealth of Nations, Adam Smith had the following to say about collusion: “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”